Mayor, Zhang Qi, Hainan province, China, 69th Largest Gold Reserves In the WORLD: 13.5 TONNES!

13.5 tonnes of physical gold in the basement. Let’s see… that translates to 27,000 pounds which equals 432,000 ounces of physical gold on the shelf in this man’s basement. This is equal to Mr. Qi, holding the 69th largest gold hoard on planet earth, according to world gold reserve rankings.

I must have overlooked the line item for Mayor, Zhang Qi World Gold Council’s latest gold holdings report. I don’t remember seeing his name listed as being the 69th largest holder of physical gold in the world. This is the organization we are suppose to put our trust in when it comes to physical gold being moved around the world and they can’t even keep up with one person amassing enough gold to, literally, fund well over 45 nations.

Mayor Qi’s stack ranks somewhere barely south of the mid point for all nations reporting on gold – 68 above and 48 below places his 13.5 tonnes just below the half way point of largest “known” gold stacks in the world. And no one in China knew about it, the World Gold Council didn’t know about it and the local authorities didn’t know about it.

One Chinese official has some serious explaining to do after investigators came across mounds of gold in his house in Haikou City, Hainan province.